Ollie's Bargain Outlet Hldg (OLLI)

Current ratio

Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Total current assets US$ in thousands 871,428 754,296 726,828 808,767 433,538
Total current liabilities US$ in thousands 315,551 259,285 263,268 283,796 177,685
Current ratio 2.76 2.91 2.76 2.85 2.44

February 3, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $871,428K ÷ $315,551K
= 2.76

The current ratio of Ollie's Bargain Outlet Hldg has displayed some fluctuations over the past five years, ranging from a low of 2.44 in February 2020 to a high of 2.91 in January 2023. As of February 3, 2024, the current ratio stands at 2.76, indicating that the company has $2.76 in current assets for every $1 in current liabilities.

A current ratio above 1 typically suggests that a company has sufficient short-term assets to cover its short-term obligations. Ollie's Bargain Outlet Hldg's current ratio has remained consistently above 2 in recent years, indicating a healthy liquidity position.

While a higher current ratio is generally preferred as it signals a stronger capability to meet short-term obligations, a significantly high ratio could also indicate that the company is not effectively utilizing its current assets to generate revenue. On the other hand, a lower ratio may suggest potential liquidity issues.

Overall, Ollie's Bargain Outlet Hldg's current ratio has been relatively stable and above the industry average over the period under review, reflecting sound liquidity and financial health.


Peer comparison

Feb 3, 2024